Insurance Compliance Specialist

Title: EU Insurance Compliance Specialist (DE)

Location: Any location, Germany

Job Description:

About us

Coalition is the world's first Active Insurance provider designed to help prevent digital risk before it strikes. Founded in 2017, Coalition combines comprehensive insurance coverage and innovative cybersecurity tools to help businesses manage and mitigate potential cyberattacks.   

Opportunities to make an impact with bold thinking are real—and happening daily at Coalition.

About the role

Coalition’s Legal and Compliance Department is seeking an experienced and highly motivated E.U. Compliance Specialist, focused on the insurance industry, to join its fast-moving and growing team. 

The E.U. Insurance Compliance Specialist will be responsible for working with other legal and compliance professionals in monitoring and ensuring adherence to E.U. & Germany-specific regulatory requirements and procedures throughout Coalition’s organization, as they relate to insurance products and their distribution. The successful candidate will handle a full range of regulatory and compliance matters and serve as a key partner to provide advice to the legal and compliance team, business partners and insurance and corporate functions. 

Reporting to Coalition’s Director of Compliance, the candidate will be able to work independently in a fast-paced and changing environment, with the ability to flex with shifting responsibilities and priorities, and have demonstrated relationship building capabilities, strong operational skills, interpersonal skills and analytical capabilities.

Responsibilities

• Support the maintenance, evaluation, and enhancement of our global risk and framework from an E.U. perspective. 
• Ensure company policies and procedures are effective, monitored, proportionate, and adhere to applicable laws and regulations, in particular those that apply to the insurance industry, e.g. IDD (Insurance Distribution Directive), GDPR (General Data Protection Regulation), DORA (Digital Operational Resilience Act) & CPD (Continuing Professional Development).
• Lead local compliance activities, as well as contact with German authorities and regulations (BaFin / VAIT, as well as the IHK / Frankfurt Chamber of Commerce).
• Participate in the development and review of a comprehensive compliance framework for the organization, including policies and procedures relating to compliance with a specific emphasis on general corporate compliance.
• Ensure compliance with laws and regulatory requirements, promoting the organization's commitment to compliance.
• Assess risks and identify potential areas of compliance vulnerability throughout the enterprise.
• Maintain our Risk Register, providing an appropriate challenge to risks, their assessments, and controls, ensuring timely actions are taken to manage all risks within appetite. 
• Interpret and communicate regulatory changes to business partners and aid in designing solutions to mitigate risk in support of compliant practices.
• Provide oversight of corrective action plans developed through business unit self-audits and Compliance audits. Tests and validates corrective actions to confirm mitigation plans have been properly implemented.
• Participate in preparing materials and information required in response to internal and external carrier or regulatory audits, and assist in preparing communication of responses for compliance audits.
• Prepare accurate and timely responses to insurance consumer complaints received directly from consumers or regulators.
• Manage workload, prioritize, and elevate issues where appropriate with little direction.

Skills and Qualifications

• 5+ years of compliance experience in the insurance industry or insurtech companies is expected.
  • Commercial insurance experience is preferred (professional liability lines and cyber).
  • Compliance experience strictly limited to the banking industry or cybersecurity auditing will not be considered sufficient.
• Must be fluent in English and German
• Working knowledge of the E.U. & German regulatory and compliance environment, as they relate to insurance products and their distribution. .
• Demonstrated ability to perform legal research of statutory/regulatory requirements.
• Strong insurance-related compliance experience in risk assessment, testing, and monitoring, including knowledge of business processes and technologies .
• Ability to fully and  effectively respond to client requests, following through on projects in a timely manner, and adapt to a fast-paced and changing environment.

Perks

• 100% public healthcare coverage
• 30+ paid holidays
• Annual home office stipend
• Statutory pension
• Mental & physical health wellness programs
• Competitive compensation and opportunity for advancement

Why Coalition? 

Work at Coalition is centered on the joint mission to Protect the Unprotected. We have built a remote-first, highly inclusive culture that welcomes people from diverse backgrounds. We trust each other to take responsibility, share ownership of outcomes, and put in the work together to protect businesses from digital risk. Coalition’s exceptional growth stems from its ability to address real-world problems for organizations of all sizes while remaining true to our founding values of character, humility, responsibility, purpose, authenticity, and inclusion.

We’re always looking for collaborative, inquisitive individuals to join #OurCoalition.

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Privacy Notice

Coalition is committed to protecting your privacy and handling your personal information responsibly. We collect, use, and store personal information as necessary for the recruitment process and in compliance with applicable privacy laws and regulations in all regions where we operate. We want you to understand what personal information we collect, how we use it, and your rights regarding access, correction, and deletion of your data where applicable. Information submitted, collected, and processed as part of your application is subject to Coalition's Privacy Policy. For further details, please review our full Privacy Policy or contact us with any questions regarding how your information is handled.

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Anti-Discrimination Notice

Coalition is proud to be an Equal Opportunity employer. Our policy is to provide equal employment opportunities to all individuals, without discrimination or harassment on the basis of any characteristic protected by applicable laws in each country where we operate. This commitment includes, but is not limited to, ensuring equal treatment in recruitment, selection, training, promotion, transfer, compensation, and all other aspects of employment. Coalition does not tolerate discrimination or harassment of any kind, and we are dedicated to fostering an inclusive and supportive workplace.

Accommodations

Coalition is committed to providing reasonable accommodations to qualified individuals with disabilities, including applicants and employees, in accordance with applicable laws and regulations in each country where we operate. Our policy is to support equal opportunity in the hiring process by considering qualified applicants regardless of disability or other protected characteristics, unless providing accommodation would impose an undue hardship or disproportionate burden. We also consider all qualified applicants, including those with criminal histories, in line with applicable laws and regulations in each jurisdiction.

To all potential candidates: Coalition primarily does not use third-party recruiting services. Potential candidates will only be contacted by Coalition, Inc. during the recruitment process. You can always verify any opportunity on our official careers page http://www.coalitioninc.com/careers.

To all recruitment agencies: Coalition does not accept unsolicited agency resumes. Do not forward resumes to our email alias, employees, or other physical or virtual organization locations. Coalition is not responsible for any fees related to unsolicited resumes.